25 Hoover RdRiversideCT06878
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Riverside at 25 Hoover Rd, Riverside, CT, 06878 with 5% annual appreciation on a $850,000 basis while $6,985/mo rent supports operations. Total monthly income totals $6,985/mo and a $4,160/mo payment preserves $1,210/mo for cash returns. Annual cash flow comes to $14,520/yr on $279,650 deployed, and return on cash invested reaches 25.25% in year one. Equity gained on principal adds $5,485/yr, and five-year appreciation sums $234,839 alongside rental yield of 9.86%. Five-year ROI measures 132.25% and total cumulative return in cash totals $369,838.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,985/mo property income versus a $4,160/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06878, Riverside, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,196 (75.4%) |
| Renter Occupied HU | 565 (19.4%) |
| Vacant Housing Units | 153 ( 5.3%) |
| Median Home Value | $1,682,281 |
| Average Home Value | $1,611,898 |
Housing Distribution
Address Breakdown
Residential
2,861
Single Family
2,728
Multi-Family
133
Businesses
270
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorin Pratley • Coldwell Banker Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #123646